Galleon's Raj Wants Bail Chopped To $25 Million

Raj Rajaratnam, the
Galleon Group hedge fund founder accused of directing an
elaborate insider- trading ring, told a judge he’s being treated
worse than
Bernard Madoff and asked that his bail be slashed by
three-quarters to $25 million.

Rajaratnam, 52, requested a lower bond in a letter filed today
with U.S. Magistrate Judge
Frank Maas in New York. His attorney,
John Dowd, wrote that the government’s case is weak and that
Rajaratnam intends to clear his name and won’t flee. Dowd said
his client needs permission to travel within the U.S. to meet
with lawyers and sell his company.